Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.
More Quotes from John W. Snow:
We have the deepest and most liquid capital markets in the world.John W. Snow
Inflation is still pretty well in check. We do have energy prices that are unwelcome, too high. I hope Congress can take some action on that.
John W. Snow
I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.
John W. Snow
Well, I think the global economy is in the position for continuing good growth with inflation well in check.
John W. Snow
Well, such as opening up some sectors of banking, branch banking for instance. It isn't a legislative matter, it's a matter for administrative action.
John W. Snow
Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
John W. Snow
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